ESG POLICY

LODGIS FUSION HTP

2021
CONTENT Leadership Message

Introduction

Mission

Vision & Objectives

ESG Policy – Coverage

Our current ESG measures

ESG Framework

ESG - Strategy and Targets

LEADERSHIP MESSAGE
Covid has dramatically changed our lives. There are new norms; new ways
to work and communicate; new technology applications; and, completely new
thinking. None of us could have imagined such a shift in the world and our
priorities when this pandemic began.

The hospitality industry has been especially hard hit. With these grave challenges,
this moment represents both a time of great uncertainty and opportunity.
Lodgis must and will capitalise on the crisis to build a sustainable business
that balances profit with a greater aim. Ultimately, investment in world good
is good for our business. In short, we view ourselves as stewards of this planet,
and seek to make earth a better place for future generations.

Our objective is to offer differentiated and distinct accommodations and

facilities with products and services that meet the needs of our guests - tourists,
business travelers, and MICE. Given the current challenges and uncertain
Peter Meyer market conditions, we need to be especially nimble and responsive as the travel
Chief Executive Officer
markets slowly recover from Covid. Longer term, the Lodgis executive team will
be constantly monitoring the shifting trends and requirements of an evolving
new economy driven by major technology change. Given the now underway
pandemic-related structural changes to the way we will work and travel, we will
need to consider the future realities of and impact on our business. Ultimately,
we must offer a Total Product that is tailored to a changing environment in
order to grow and be an industry leader in the market sectors we serve. Whilst
reaching our commercial objectives is fundamental, we must maintain and never
lose sight of the highest environmental, social, and governance standards and
compliance best practices and internal controls.
 Lodgis Hospitality Holdings Pte. Ltd. (“Lodgis”)
Established in November 2016 by Warburg Pincus, VinaCapital,
and VinaCapital’s founder, Don Lam, Lodgis is a fully
integrated hotel investment management platform targeting
the development, acquisition, and management of hospitality
assets across Southeast Asia. Lodgis has amassed a portfolio
of best-in-class hospitality assets and management agreements
across Vietnam and Southeast Asia representing more than 25
projects, approximately 3,000 rooms under the ownership, and
approximately 2,500 rooms managed with a robust pipeline to
substantially expand portfolio key count in the near-term. Under
the trading name Fusion Hotel Group, Lodgis owns one of the
few fully vertically integrated hospitality corporate structures in
the region, the irreplaceable historic assets such as the Sofitel
Legend Metropole Hanoi, Raffles Le Royal Phnom Penh, and
Raffles Siem Reap as well as the Ho Tram Strip Integrated Resort
and Casino and several attractive destination assets across key
markets in Vietnam.
 Fusion Hotel Group
Established in 2008 and acquired by Lodgis Hospitality Holdings
in 2016, Fusion is a leading hotel brand under which the Lodgis
Group provides management, strategy and design consultancy
services across a suite of brands including Fusion Resorts,
Fusion Suites, Fusion Originals, Maia, Hiive, GLOW and GLOW
the Premium Collection. Fusion operates 26 hotels with 4,000
keys and representation in all the leading cities and tourist
regions in Vietnam and Thailand, including Ho Chi Minh City, Da
Nang, Nha Trang, Cam Ranh, Phu Quoc, Quy Nhon, Vung Tau,
Bangkok, Krabi, Pattaya and Phuket. Fusion Hotel Group unique
positioning in the hospitality industry in the region has allowed
it to quickly scale its concepts and brands throughout South
East Asia.
 Ho Tram Project Limited Company
Operated since 2013 and acquired by Lodgis Hospitality Holdings
in 2019, the Ho Tram Project Limited Company owns and manages
one of Vietnam’s leading, large-scale integrated resorts – The
Grand Ho Tram Strip – just 2 hour driving from Ho Chi Minh City,
which has the 5-star InterContinental Grand Hotel, Holiday Inn
Resort Ho Tram Beach with 1,100 rooms in total, showcasing
with the highest international quality the largest casino in
Vietnam, the #35 ranked golf course in the world and over 46 ha
of undeveloped beachfront land which that can be developed
into a range of accommodations, including condotels and villas
for lease as well as a promenade with restaurant, entertainment
and retail facilities.
MISSION

INVESTMENT IN WORLD GOOD IS GOOD FOR OUR BUSINESS

As a socially responsible leading hospitality group operating in diverse locations, Lodgis, views ourselves as stewards of this planet and aim is to make
the world a better place for future generations.

- Our Mission Integrates ESG Considerations -

1 2 3
Lodgis is committed to integrating Lodgis is committed to working in compliance Lodgis is committed to achieving the strictest
Environmental, Social and Governance with local regulations and the highest industry standards of corporate governance to
considerations across the investment, international standards and best practices. safeguard shareholder interests. We equally
development and operating life cycles of In this regard, we will continuously collaborate recognize the importance of our transparency
our activities. In all aspects of our business, with our internal and external stakeholders in and accountability responsibilities to our
we strive to uphold the highest degree of order to contribute to a sustainable and long- customers, employees, communities and
prudence, transparency, compliance and term successful business that complies with investment partners and shareholders. In the
accountability. the legal and regulatory framework. end, good governance means effective risk
management and timely decision making to
create long-term value for all stakeholders.

ESG POLICY 2021

VISION & OBJECTIVES
OUR VISION IS TO GROW A LONG-TERM BUSINESS FOR THE BENEFIT OF ALL OUR STAKEHOLDERS
Lodgis invests, develops and operates hotels,
lodging facilities and Gaming & Hospitality
integrated resorts, supporting the long-term
growth in tourism and business travel in
Vietnam, Cambodia, Thailand and Southeast
Asia. Tourism is vital to our subject countries’
economies, so our business activities serve a
social good.
The Company has developed an ESG Policy to The ESG Policy is complemented by our
manage our business in a sustainable manner. corporate standards, including a Code
Our objective is to integrate Environmental, of Conduct, a Delegation of Authority
Social and Governance considerations across Approval Matrix, Human Resources Policies, a
all our activities and everything we do. Compliance Program and a system of Internal
Controls. The ultimate purpose is to provide
direction and a general policy framework
for the Board of Directors, our Executive
Team and Associates to attain sustainability
standards consistent with our vision, mission
and values.
ESG POLICY 2021
ESG POLICY - COVERAGE

We integrate ESG considerations in our investment, development, and operating activities with the objective to minimize our environmental footprint and
potential impact on biodiversity and the earth. Moreover, we focus on the health, safety and wellbeing of the people who touch our business, whether
they are employees, consultants, or Third-party. All of our activities are managed under transparent and responsible corporate governance as well as
compliance best practices, while concurrently striving to optimize financial returns to our shareholders.

- Application, Responsibility and Authority -

ESG Policy applies across the Company. We will strive for
sustainability in Lodgis’ property investment, business development
and operations as well as the Company’s joint ventures and
investment vehicles across all countries we have business. Its
implementation is the responsibility of and commitment by everyone
– that is, the Lodgis Board of Directors, the Executives and the
Employees, working together on the continuous improvement of
our sustainability performance through the ongoing development
of skills, knowledge and applications.
This ESG Policy is endorsed by the Board of Directors, the CEO and
the Executive Team and will be reviewed annually by the Company’s
ESG Committee (the “Committee”). The Committee will comprise
a team of senior executives, bringing broad functional expertise
to address all aspects of our business in order to best serve our
stakeholders and the community.

ESG POLICY 2021

CURRENT ESG MEASURES - HIGHLIGHTS
Green Initiatives.
Fusion Resort Cam Ranh
. Owned 3100 square meter organic farm, comprising of over 200
animals and 18 different varieties of vegetables & fruit.
. Monthly, around 185 kg of organic vegetables are harvested and
used in our restaurants and staff canteen.
. 100% of our green coconuts are harvest from 1082 resort coconut
trees for serving in our restaurants.
Fusion Resort Phu Quoc
The advanced Sewage Treatment Plant (STP) that has been installed
for this resort,filters the water up to a level where it is directly suitable
for irrigation of the landscape. This principle is now incorporated
into our Standard Book for all our Brands.
The objective for Fusion is to improve animal welfare in its supply
chain, by committing to sourcing 100% cage-free eggs, both shell and
liquid forms, in all existing and future properties in Vietnam.
Alba Wellness Valley by Fusion
. Food waste & cattle waste as fertilizer.
. Sustainable vegetable growth (no need for deliveries, packing,
CO2 reduction).
. 80% of our water is from the Mountain stream (purified in-house).
Recycling and Upcycling.
Fusion Original Saigon Centre
Inside the Saigon Centre, a 25-year-old landmark tower in the heart
of the city, Fusion completely stripped and renovated the outdated
serviced apartments and turned these into Fusion Original Saigon
Centre; a 5-star luxury hotel concept that could easily extend the
lifespan of the building with another 25 years.
Fusion Suites Saigon
Repurposing and upcycling an existing property, Fusion have
completely transformed an old office building into a fresh and chic
city hotel in a popular neighborhood of District 1.
Maia Resort Quy Nhon
The decorative items and artworks of this resort make use of
locally sourcedrecycled materials such as salvaged fishing boats
and used oil drums.
Water & Energy Saving at Our Properties.
Fusion Resort Cam Ranh
Installed a state of the art Hydrawise Predictive Watering Sprinkler
System and watering is adjusted and controlled by weather patterns.
Installed a highly efficient energy saving system called SensorFlow,
with some highlighted benefits:
. Save up to 30% of total hotel energy bills.
. Enhance our brand as a sustainable and innovative resort by
operating with reduced energy consumption powered.
. In collaboration with OneTreePlanted, for every equivalent ton
of carbon emission offset from our saving, SensorFlow will help
to plant one tree.
Hiive Hotels
All Hiive Hotels are designed in line with international EDGE
Certification standards, to limit the use of energy; water and harmful
materials during construction and operation.
Following up on this, we updated the Standard Book for all our
Brands to prescribe the use of water saving appliances and LED
lighting for all Public and Back of House functions where applicable.
ESG POLICY 2021
CURRENT ESG MEASURES - HIGHLIGHTS
NOW - Natural Originality Wellbeing.
Fusion Hotel Group
Providing free and frequent wellbeing courses for all employees
(yoga, breathing, meditation, nutrition…) in all Fusion properties.
Some properties also offer employees the usage of hotel fitness
centers like guests
Organizing Employee Engagement activities such as: Fusion
Badminton tournament among all properties and Head Office level
focusing on wellbeing.
Providing everyday detox and healthy food at staff canteen. Most
of the hotel canteens commit to provide food without MSG
Designing and delivering Living the Fusion values workshop at
Head Office and property level to ensure all employees are living
the values –Natural Originality Wellbeing
Charities.
The Grand Ho Tram Strip
Participate in VinaCapital Foundation: HeartBeat.
Yearly sponsor of ten scholarships for students at Vung Tau
Tourism Vocational College.
Sponsored COVID prevention kits for Xuyen Moc, Ba Ria-Vung
Tau Province.
Alba Wellness Valley by Fusion
Support local community (Building, food, Alba Water, education,
Wellness Activities).
Day Pass to Schools, pagodas and Associations.
Fusion Resort Cam Ranh
Annual contributions are made to a local Cam Ranh charity just
before the Lunar New Year arranged by Vinacapital and KTV
Channel, catering to the poorest community here in our closest
vicinity. The charity specializes particularly in looking after the
elderly and individuals that cannot work due to health reasons or
disabilities.
Our Diversity.
Group-wide
Diversity is a reality created by individuals and groups from a
broad spectrum of demographic and philosophical differences.
It is extremely important to support and protect diversity
because by valuing individuals and groups free from prejudice
and by fostering a climate where equity and mutual respect
are intrinsic, we will create a success-oriented, cooperative, and
caring community that draws intellectual strength and produces
innovative solutions from the synergy of its people.
Our female to male ratio is almost precisely 1 to 1. Our local
workforce are filling 85% of our management and director
positions.
ESG POLICY 2021
CURRENT ESG MEASURES - HIGHLIGHTS
Health & Safety Work-Life.
Group-wide
We strive to create a workplace environment of
integrity, where our employees can work with a sense
of security while maintaining high motivation. The
health and safety of our employees have always been
the foundation of our business activities. At the same
time, we believe that maximizing all of our employees’
capabilities and putting them into action is essential
to realizing a sustainable society.
We also prioritize both the physical and mental health
of our employees, taking a step beyond prior initiatives
to maintain a pleasant workforce environment where
employees can discuss their concerns with ease.
. Offer healthy options in the staff canteen.
. Offer different sports activities for the staff (after work).
. Offer COVID vaccination for all staff members.
. Employee annual health check.
Anti-Bribery Compliance.
Group-wide
We believe that effective corporate governance is
critical to our success, providing the foundation of
sustained growth over the long term. The Company
has established robust investment and development
processes and operating procedures to manage
risks, make effective decisions and create value.
Transparency, accountability and fiduciary duties to
our partners and stakeholders must be maintained at
all times. Wherever appropriate, we minimize the risk
of conflicts of interest and fraud through the advice
and support of independent legal and expert advisors.
Anti-Money Laundering.
Group-wide
We emphasize on financial transparency by
conducting both internal and external audits in
addition to effective cost control thus fulfilling
our financial responsibility of earning adequate
profits through fair competition while maintaining
and providing the highest quality of service to our
customers and shareholders, with the IHG’s recent
franchisee agreement, we will only further strengthen
its commitment of providing exceptional service.
Responsible Gaming.
The Grand Ho Tram Strip
Decreasing the environmental impact of the
hotel while managing to maintain good economic
performance now is a realistic objective that we have
set for the complex. Every year we strive to implement
as many actions as we can to protect the communities
in which we operate.
We are committed to practicing sustainable activities.
Participation in the IHG Green Engage program, at The
Grand Ho Tram Strip; installation system SensorFlow
& collaboration with OneTreePlanted at Fusion
Resort Cam Ranh...allow us to track the level energy,
water and carbon, as well as assessing how waste
is managed. With monthly assessments on energy
consumption, improvement in equipment efficiency,
energy conservation and delivery of environmental
awareness to our employees and customers, we are
making continuous improvements in lowering the
impact our properties has on the environment.
ESG POLICY 2021
ESG FRAMEWORK

1 2 3

Quantifiable Data. Green Initiatives and Certifications. Health, Safety and Wellbeing.

4 5 6 7

Working Environment. Corporate Governance. Social Engagement. Compliance Program.

ESG POLICY 2021

ESG STRATEGY AND TARGETS
1. QUANTIFIABLE DATA
STRATEGIES/ ACTION PLAN
For new development projects, extend on our current
site-survey report to always include the following items,
where applicable:
- Record availability of water sources.
- Assess and record the possibility of using natural energy
resources (wind and solar).
- Record all existing soil levels, flora and fauna on site.
- Collect historical data on property occupancy and
staffing compared to energy/water consumption and
waste production.
- Set up monthly and yearly reporting structures for all our
properties.
- Obtain energy/water consumption and waste production
data of existing projects considered for acquisition.
Review staff transportation means and needs.
Review office needs and work-remote options.
GOALS
Implement our extended assessment for all new development
projects by 2023 with the objective to:
- Promote the use natural energy resources where possible
- Limit the import and export of soil to an absolute minimum
- Create projects in harmony with the existing ecosystem.
By 2025, set benchmarks and targets for energy/water
consumption and waste production per key.
- To make investment and acquisition decisions that also
include environmental considerations
- To create transparency and awareness within our Group
and share responsibility to reduce our consumption of
resources and production of waste.
Reduce unnecessary staff movements to save time and
energy. Reduce office size to save energy and reduce our
literal footprint.
ESG POLICY 2021
ESG STRATEGY AND TARGETS
2. GREEN INITIATIVES AND CERTIFICATIONS
STRATEGIES/ ACTION PLAN
Seek green certification for new development projects to
limit energy emissions, water use and waste production
during planning and construction stages.
Develop a program for food waste tracking at our properties
to reduce food waste. To set our sustainable seafood targets
as part of our ongoing commitment to food provenance
and a sustainable supply chain.
To track all categories of plastic use at our properties for
reduction especially the three single-use plastic items
(straws, bags and bottle).
Provide education/ training session to all staffs to support
environmental awareness, remediation, protection and
restoration.
GOALS
EDGE Certificate Application for all new development
projects by 2025. (As per Q3 2021, two development
projects have been enrolled).
Our long-term goals are to reduce food waste by 30% and
divert 50% from landfill by 2025. Develop and implement
the concept “from farm to table” for key properties of Fusion.
To reduce the use of single-use plastic straws by 100%
and plastic bottle and bags by ~50% by 2025, or within 18
months after acquisition of a new property.
At least one training session for all staffs of our properties
per year and one event per property per year to remediate
and clean natural communities.
ESG POLICY 2021
ESG STRATEGY AND TARGETS
3. HEALTH, SAFETY AND WELLBEING
STRATEGIES/ ACTION PLAN
Conduct a wellbeing survey annually in lieu of the annual
associate satisfaction survey.
Set up annual training to associates in fire awareness.
HSE Execution Plan in place for all construction in
progress sites of Lodgis’s development projects.
GOALS
The wellbeing survey shall be conducted annually and
group wide.
Annual training to associates in fire awareness
with mandatory attendance.
Workplace Incidents prevention and proactive policy
in the areas where a failure can occur. Protection of
employees through: providing safe working conditions,
reducing occupational risks related to the performance
of their duties. Introduction of procedures in the fields of
activity in which they are required.
ESG POLICY 2021
ESG STRATEGY AND TARGETS
4. WORKING ENVIRONMENT
STRATEGIES/ ACTION PLAN
Education and Professional Growth: is a key component
of Lodgis’s social responsibility commitment, supporting
sustainable development and pathways out of poverty.
Developing and nurturing our associates ensures a
consistent and effective approach to personnel sourcing
and retention, and is reinforced by a promotion strategy
to positions of responsibility.
Diversity & Inclusion Commitments: We are committed to
creating a diversified and equal environment where every
Team Member can thrive.
GOALS
Execute annual performance reviews to identify development
needs which are addressed through individual and group
learning opportunities and our management academy, with
our goal of five hours of training per associate per month
(Language learning program, professional short-term
course, spa, F&B, room service, etc.).
As part of diversity & inclusion commitments, we thrive to
achieve gender parity, training our staff in unconscious bias
awareness and invest in partnerships that contribute to a
more equitable society.
ESG POLICY 2021
ESG STRATEGY AND TARGETS
5. CORPORATE GOVERNANCE

STRATEGIES/ ACTION PLAN GOALS

Our Board of Directors and Management teams are

committed to maintaining the highest standards of corporate
governance and legal and regulatory compliance:

Corporate Governance Policy: Lodgis has a Whistleblower
Policy and issued policies and provided training regarding
Foreign Corrupt Practices Act (“FCPA”), Anti Bribery
Compliance, Business Ethics Compliance and Anti-Money
Laudering practices and Internal Controls to support
compliance activities and reinforce the integrity value in
the company culture.
All of the relevant team members, according to their scope
of duties, are trained and passed the assessment on all of
the Company’s FCPA policy, Code of Ethics and Business
Ethics Compliance, Anti Bribery Compliance and Anti-
Money Laudering practices and Internal Controls.

The ESG Policy: is endorsed by the Board of Directors, the The ESG committee will meet quarterly to actively address
CEO and the Executive Team and will be reviewed annually and monitor the ESG policy compliance and implementation.
by the Company’s ESG Committee (the “Committee”). Each property has a designated sustainability representative
The Committee will comprise a team of senior executives, and ‘green team’ that meet monthly.
bringing broad functional expertise to address all aspects
of our business in order to best serve our stakeholders and
the community.

ESG POLICY 2021

ESG STRATEGY AND TARGETS
6. SOCIAL ENGAGEMENT

STRATEGIES/ ACTION PLAN GOALS

Supporting long-term societal prosperity is central to Lodgis

ability to create value for communities:

Promote local supply: Fusion spa works with local Most of our spa products are locally, naturally sourced and
communities and responsibly-sourced indigenous cruelty-free, with no sulfates, parabens, synthetic coloring,
products to connect with a local sense of place. etc.

Youth development: Mentorship and scholarships are Provide 3 mentorship and internships per year.
provided to children and young people aged 12 to 18.
Internships provide valuable learning experiences to
develop future hospitality professionals.

Support local communities: through donation of goods and Organize donations and provide charities/ participate in
materials or participation in fundraising events. fund raising events for local community at least once a year.

Cultural understanding: Travel is one of the most powerful
tools for promoting peace and cultural understanding. Through
our inclusive guest experiences, we continue to grow cultural
competence and deliver tailored, inclusive experiences for the
diverse populations of guests that we serve.
Local culture are promoted to all of our guests around the
world through our websites & marketing materials and
through our Local Culture Day’ programs.

ESG POLICY 2021

ESG STRATEGY AND TARGETS
7. COMPLIANCE PROGRAM

STRATEGIES/ ACTION PLAN GOALS

Our Board of Directors is responsible and has general In summary, we seek to maintain a corporate culture with the
powers over the management and conduct of our highest level of responsibility, integrity and consistency to
business, overseeing our overall risk control. Any significant manage our operational and market risks.
business decisions involving material financial, welfare and
reputational consequences are reviewed, analyzed and
approved at the board level.

This approach ensures a thorough examination of the

associated risks at our highest corporate governance body.
As necessary and where appropriate, we engage qualified,
reputable and independent third-parties to assist us in
managing our operational risks. In addition, on a continuing
basis, we have in-house legal and financial executives that
review our internal control measures.

We enforce strict control and accountability policies at all

levels of the organization, and conduct ongoing on-site
and on-line training. Our policies and manuals are updated
regularly based on our operational needs and shifting public
imperatives, laws and regulations.
THANK YOU